Govt to launch management fund for seized assets: BB Governor

The government is set to establish a management fund to oversee the handling of recovered money and assets seized from financial offenders, announced Bangladesh Bank Governor Dr. Ahsan H. Mansur on Monday.

He explained that the fund would be dedicated to supporting the country’s impoverished and underprivileged populations.

The announcement followed a high-profile meeting on the repatriation of laundered money, which was chaired by Chief Adviser Professor Muhammad Yunus at the Foreign Service Academy.

In attendance were Governor Ahsan H. Mansur, Chief Adviser’s Press Secretary Shafiqul Alam, and the Head of the Bangladesh Financial Intelligence Unit (BFIU), AFM Shahinul Islam.

Governor Mansur emphasized that the fund, which will be formally established soon, will ensure the continuity and transparency of managing seized assets across future administrations.